Orphans' cost plan sponsors billions

July 24, 2013

Terry Dunne contributed to this article written by Paula Aven Gladych and appearing on BenefitsPro.com. Nearly 45 percent of U.S. employees leave behind their retirement accounts when they leave a company. This creates a multi-billion dollar headache for employees who have to administer these accounts and is a big problem on multiple levels. Dunne discusses the Automatic IRA rollover as a solution for active, terminating and abandoned plans, missing participants, uncashed distribution checks and money in limbo.